The Global Technical And Vocational Education Market is Predict to reach $1057.4 Billion by 2028, at a CAGR of 8.5%

Published Date: 30-Nov-2022

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Technical And Vocational Education Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Technical And Vocational Education Market size is expected to reach $1057.4 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.

The STEM Education segment acquired maximum revenue share in the Global Technical And Vocational Education Market by Course Type 2021 thereby, achieving a market value of $776.1 Billion by 2028. It is because non-STEM subjects include finance, accounting, fashion, and management, among others. It is a vastly expansive field in comparison to STEM fields and courses. Students enrolled in an academic program other than sciences, computing, engineering, or mathematics at a postsecondary institution.

The Corporate Workers segment has shown the growth rate of 9.6% during (2022 - 2028). Individuals enrolled in vocational programs may also be entitled to a variety of extra-economic benefits as a consequence of the training and practical experience they acquire before graduation. Companies engage in technical and vocational education for their workers to offer a flexible, adaptable work environment that demonstrates the organization's adaptability.

The Offline segment is leading in the Global Technical And Vocational Education Market by Learning Mode 2021, achieved a market value of $544.4 Billion by 2028. The majority of technical and vocational education is skill-based and needs students' attendance. Courses requiring physical presence include welding technique, interior design, and printing technology, among others. Without offline or physical learning, such programs are ineffective.

The Private Institution segment is estimated to grow a CAGR of 9.9% during (2022 - 2028). Through vocational education courses, private institutions supply improved skills and jobs. However, private schools charge far more for vocational education than state institutions. Therefore, individuals seek admittance to public vocational institutions. Don Bosco Private Industrial Training Institute (India), American Northwest College (United States), Bates Technical College (United States), and Bellingham Technical College (United States) are among the private vocational education institutions.

The Europe market dominated the Global Technical And Vocational Education Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $354.5 Billion by 2028.The North America market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.1% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/technical-and-vocational-education-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).

Global Technical And Vocational Education Market Segmentation

By Course Type

  • STEM Education
  • Non-STEM Education

By End User

  • Academic Institutions & Individuals
  • Corporate Workers

By Learning Mode

  • Offline
  • Online

By Organization

  • Public Institution
  • Private Institution

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Acumatica, Inc.
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Adobe Inc.
  • Articulate Global, LLC
  • IBM Corporation
  • TÜV Rheinland AG
  • Babcock International Group PLC (Scandinavian AirAmbulance)
  • Pitman Training Group Ltd. (Launch Life International, Inc.)
  • The CEGOS Group
  • The Center for Professional Advancement (CfPA)

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Technical And Vocational Education Market size & Opportunities 2022-2028

Europe Technical And Vocational Education Market & Growth Forecast 2022-2028

Asia Pacific Technical And Vocational Education Market Share & Industry Outlook to 2028

LAMEA Technical And Vocational Education Market Growth, Trends & Forecasts 2022-2028

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